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    632 E 2nd Street

    National City, CA 91950
    • $750,000
    • STATUS: CONTINGENT
    • ON SITE: 73 days
    • ID#: 302542456
    Under Contract
    UPDATED: 43 min ago
    $750,000
    • 7
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Money maker! Pay the mortgage with the rent! 4 bedroom detached house plus 3 bedroom detached second house on property. Perfect opportunity for an owner-occupant to live in the front house and obtain up to $2,000 per month from the rear house to reduce his housing cost. Front house has new kitchen, new bathrooms, new double-pane windows, new cabinets, new stove and near-new refrigerator as well as easy maintenance luxury vinyl plank flooring throughout. Easy-care, water-friendly front and side yards with Money maker! Pay the mortgage with the rent! 4 bedroom detached house plus 3 bedroom detached second house on property. Perfect opportunity for an owner-occupant to live in the front house and obtain up to $2,000 per month from the rear house to reduce his housing cost. Front house has new kitchen, new bathrooms, new double-pane windows, new cabinets, new stove and near-new refrigerator as well as easy maintenance luxury vinyl plank flooring throughout. Easy-care, water-friendly front and side yards with succulents as well as fruit trees. The rear house has three bedrooms and one bath with granite kitchen counters, vinyl-plank flooring and a master bedroom with a second entrance. It has a fully-fenced yard with banana, fig, lemon and guava trees surrounding the rear yard area. There is a storage shed at the rear corner of the yard. Electricity to the rear house is sub-metered. Shared washer/dryer between the two houses. Actual addresses are 630 for the front house and 632 for the rear house. All square footage measurements are approximate. Photos of the rear house were taken prior to occupancy by the current tenant. Rental income for the rear house is projected. No local rent control, but property is subject to state regulations.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/106398033
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    632 E 2nd Street National City, CA 91950

    • Price: $750,000
    • Status: CONTINGENT
    • Updated: 43 min ago
    • ID#: 302542456
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1953
    Built
    Neighborhood:
    National City (91950)
    County:
    San Diego
    Area:
    National City (91950)
    Property Description
    Money maker! Pay the mortgage with the rent! 4 bedroom detached house plus 3 bedroom detached second house on property. Perfect opportunity for an owner-occupant to live in the front house and obtain up to $2,000 per month from the rear house to reduce his housing cost. Front house has new kitchen, new bathrooms, new double-pane windows, new cabinets, new stove and near-new refrigerator as well as easy maintenance luxury vinyl plank flooring throughout. Easy-care, water-friendly front and side yards with Money maker! Pay the mortgage with the rent! 4 bedroom detached house plus 3 bedroom detached second house on property. Perfect opportunity for an owner-occupant to live in the front house and obtain up to $2,000 per month from the rear house to reduce his housing cost. Front house has new kitchen, new bathrooms, new double-pane windows, new cabinets, new stove and near-new refrigerator as well as easy maintenance luxury vinyl plank flooring throughout. Easy-care, water-friendly front and side yards with succulents as well as fruit trees. The rear house has three bedrooms and one bath with granite kitchen counters, vinyl-plank flooring and a master bedroom with a second entrance. It has a fully-fenced yard with banana, fig, lemon and guava trees surrounding the rear yard area. There is a storage shed at the rear corner of the yard. Electricity to the rear house is sub-metered. Shared washer/dryer between the two houses. Actual addresses are 630 for the front house and 632 for the rear house. All square footage measurements are approximate. Photos of the rear house were taken prior to occupancy by the current tenant. Rental income for the rear house is projected. No local rent control, but property is subject to state regulations.
    Exterior Features

    Exterior Stucco Pool N/K Topography Level Units With Patios 0 View N/K

    Interior Features

    Heat Source Natural Gas Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.3 Annual Expense Actual 24747 Buildings 2 Gross Rent Multiplier Actual 14.9 Gross Scheduled Income Actual 50400 Home Owners Fees 0.0 Possession Close Of Escrow Terms CashConventionalExchangeFha Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2400.0 Unit2 Rent Actual 1800.0 Water Meter On Property Zoning R4

    Listing provided courtesy of Carl Reinhart, Broker. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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